Netflix stock falls after Q3 earnings miss estimates, operating profit takes a hit
Netflix (NFLX) reported third quarter earnings that missed analyst expectations on both revenue and profit, sending shares over 8% lower in trading on Wednesday. Netflix reported revenue of 11.52 billion and slightly below the company’s own guidance of 9.82 billion in the same quarter last year. Earnings per share came in at 6.94 and Netflix’s internal forecast of $6.87, ...